No Connecticut Will Not Prosper Mr. Donovan

In one of the more bizarre political pieces that I have read, Chris Donovan has spun the coming economic debacle and recession caused by his Governor and party into a view that "Connecticut Will Prosper" (Record Journal 5/24/11).
Mr. Donovan and his Democratic Super Majority have all but nailed the final economic nail into the coffin called Connecticut with a laughable budget that increases state spending by 3%, creates the highest tax increase in the state's history, adds a ridiculous additional burden to the remaining businesses in the state and self promotes himself for his anointing as US Congressmen from the 5th District.
Your party created the budget deficit, your party did not listen to one thing that taxpayers had to say in false Malloy town meetings, your party continues to enable those who do not wish to work in our state, your party did not balance the budget as in economic reality it is not balanced in any way, shape or form, and your party will help to create massive economic damage for taxpayers.
Your budget is a lie-no Connecticut will further decline due to the massive tax increase, massive increases in state spending, massive continued nepotism of state hiring and still no economic reform in state pension funding and benefits.
The Democrats own this economic recession. There will be no prosperity except for those ruling elite like Chris Donovan and his Democratic Super Majority. The elite rule ruthlessly by punishing economic prosperity for those who work for it.

Does Anyone Understand Economics and Budgets In Hartford?

I am curious if anyone in Hartford understands economics and the process of a budget. First we have massive tax increases, then we have theoretical savings with supposed union concessions, then we have a $1 billion dollar surplus, then we have who knows what?
What a mess economically we are now in now in with the first and hopefully last Malloy budget. It is full of theories, estimated savings, massive tax increases, and economic rhetoric which makes our entire state budget process a sham. How can we now have a $1 billion dollar surplus when we have a $4 billion dollar deficit? How is this possible economically? How is economic forecasting actually done by state government? Through whatever the Democrats say it is with no economic proof of the actual dollar figures? And the media just reports these continual economic fallacies as the truth?
In my economic opinion taxpayers are not stupid. The true stupidity comes from this false economic process which is politically expedient. The true economic loss is the loss of economic growth of Connecticut as proven by the last Malloy budget.

The Malloy Recession

The Malloy Recession. It is coming July 1. It is due to economic illiteracy of the highest level and a one party dictatorship. It is due to a smoke screen of economic magic. Supposed savings here, supposed savings there, supposed savings everywhere. Where are the actual savings? Does the state actually show spending cuts in a $20 billion dollar budget that increases spending by 3 to 5% in its first year? Does the state actually make it more business friendly by increasing corporate taxes to some of the highest levels in the country? That is what is considered as a business incentive-high taxes? Does shared sacrifice mean that only taxpayers pay more rather than any meaningful cuts in wages, benefits or pensions for state union workers? How does $21 billion dollars in supposed savings take place over 20 years in an union agreement which still does not address the economic reality of excessive wages, benefits and pensions? And while a state worker uses the emergency room a mere 150 times for what? And where were the cuts in wages, benefits and pensions for state management workers? Where is there shared sacrifice?
The Malloy Recession. It is coming July 1-brace yourselves, economically you will have never seen anything like it before in your lifetimes.

Is it Shared Sacrifice? ...What Shared Sacrifice?

What is shared sacrifice? Is shared sacrifice when those who work for a living in Connecticut see their taxes increase by $3 billion dollars over two years? Is shared sacrifice when those who own a business in Connecticut see their fundamental rights to run their business be limited by two new Democratic sponsored bills to limit free speech in their companies and force mandatory sick leave? Is shared sacrifice when this supposed new State Employee Union agreement does not in economic reality save anything for taxpayers over the life of a new fixed five year contract? Is shared sacrifice when those who work for a living in Connecticut work under a constant threat of layoffs and wage/benefit cuts and state employees are exempted from lay offs? Is shared sacrifice when those who work in management positions for the state and state officials in the legislature have absolutely no cuts in salary, benefits or pensions as we have seen in the private sector? Is shared sacrifice when Dick Blumenthal who did massive damage to the business climate of the state as Attorney General must be supported by taxpayers with a $51,360 a year pension for life along with state medical benefits?
There is no shared sacrifice in my economic opinion with a totalitarian one party rule to our state that also acts as a ruthless economic scam to taxpayers. Taxpayers have been raped one too many times by this one party rule.

Why Higher Taxes Will Not Solve Connecticut's Economic Woes

Higher taxes will do little to help Connecticut and its fiscal debacle. Higher taxes negate economic growth by continuing to erode purchasing power and wealth formation through the excessive transfer of money from the private sector to the public sector. And we can now the excessive waste of state government spending. We are lied to by our Administration with the economic fallacy that spending was cut when it actuality it increased by another 4% and taxes will increase by 20%. The increase in taxes will create the right conditions for a new massive economic downturn for the state.
All this because Malloy and the Super Democratic Majority in Hartford can not address the nepotism, the excesses, the wasteful spending, the bloated bureaucracy of excessive management, workers, pay and benefits that rules our state. There has been absolutely no reform in state government, it only has been more of the same economic debacle. And the same lies force fed to the taxpayers of our state.
Higher taxes will not do anything but help to create a massive economic recession, all for the sake of Democratic political power.

Connecticut's New Recession

The new recession is coming to Connecticut. An economic recession of stagflation, high unemployment and high inflation. A recession where taxes will be going up by at least $3 billion plus dollars and job formation remains non existent. A recession where excessive state government spending continues to increase on a monthly basis, state employee salaries and benefits continue to go unchecked. A recession where intensive lobbying continues to choke off economic growth and places economic power solely in the hands of a decaying, self fulfilling, poorly governed state legislative body. A recession where we will see nothing else but higher taxes and higher state spending on nepotism further eroding economic logic.
A recession which will slam Connecticut like no other one in state economic history. A recession brought about by poor government and poor leadership. Connecticut's new recession is here already and we will see its impact quickly. All due to the economic illiteracy of Malloy and the Super Democratic Majority who rule with an iron fist for their own good and power, not for those who work for a living in our state.

The Economically Irresponsible, Economically Illiterate Democratic Budget

It is done. An economically irresponsible, an economically illiterate, anti taxpayer, and anti business Connecticut Democratic Super Majority Budget is now done. Democrat leaders are euphoric over their rape and pillage of the Connecticut taxpayer. Democrat leaders are euphoric over their rape and pillage of Connecticut Businesses. Democrat leaders are euphoric over their rape and pillage of our state.
There is nothing in this budget that is economically sound nor economically stimulating. It is a budget that maintains the status quo of excessive, non productive, wasteful state governmental spending and excessively high taxes. There was no shared sacrifice by any member of the Malloy Administration nor of the State Legislature. The highest tax increase in this state's history will help to create one of the worse economic recessions this state will ever see in our history. This will be proven very quickly as business and industry will start to flee from the excessive tax burdens placed upon them.
We have wasted 21 years and counting since the state income tax was supposed to save our state. 21 years later state spending has increased 250%, there is zero new job growth and we now are the second highest taxed state in the country. Democrat leaders are euphoric over their rape and pillage of the Connecticut taxpayers since 1990. That is really something to be proud of.

Democrats To Connecticut Taxpayers: We Own You Now

I know of no economic textbook which reads that by increasing spending 3% and raising taxes by $3 billion dollars over two years you create economic stimulation. Thus Malloy and the Connecticut Democratic Super Majority own the Connecticut Taxpayer completely in 2011. Malloy and the Connecticut Democratic Super Majority now have completely dismantled any hope of economic growth for years to come with their economically irresponsible budget. How does raising spending yet another 3% along with the highest tax increase in the state's history help to create economic stimulation? How does doubling of business taxes in some cases give any incentive for business to remain in the state? What happened to the omnipotent state income tax passed by Weicker and the Connecticut Democratic Super Majority at that time-I thought that was supposed to be the path to economic prosperity? We still have zero new job formation in Connecticut since the passage of the state income tax.
Connecticut taxpayers are the economic slaves of Malloy and the Connecticut Democratic Super Majority-we can see it clearly with this new budget. Remember in 2011 taxpayers are now the slaves of state government. Watch how many more citizens and businesses move out over the next few years.

Here Are Your Three Cents Taxpayers! Taxes Increase $1.4 Billion

Here are your three cents taxpayers! Taxes increase $1.4 billion dollars! A gift from the Malloy Administration and the Connecticut Hartford Democratic Super Majority. Your gas tax will not go up an additional three cents! Taxpayers should be sending thank you notes to Malloy and Donovan on this one. They do not mention how gas tax revenue is increasing due to the secret 5.8% Secret Gross Earnings Tax on gas, as gas prices increase, this tax increases also. And is also passed onto consumers at the pump. But the state naturally does not want you to know about that. They want you to understand that by taking $1.4 billion dollars from taxpayers it somehow creates economic expansion in our state. By not getting any union givebacks nor by Malloy and his administration not taking any cuts in their pay or benefits we are all part of this shared sacrifice somehow. The shared sacrifice for taxpayers and those who work and do business in our state, not the ruling elite in Hartford.
Malloy's budget and tax plan is a big economic lie. It will continue excessive state spending, excessive taxation and will continue to force citizens to move out of Connecticut. Some of those moving will have those three extra cents-does it make any sense any more to live in Connecticut?

The Malloy Administration=Economic Insanity

The Malloy Administration equals economic insanity. It also equals economic illiteracy. It also equals higher gas prices. It also equals higher business taxes. It also equals higher personal taxes. It also equals a higher cost of living, working and doing business in the state. It also equals illegal Esty carbon taxes (which will doing nothing to supposedly stop the mythical pollution we have in our state). It also equals more and more productive businesses and industries moving out of our state. It also equals more of youth moving out of our state.
The Malloy Administration-once they clean and rape our economy thoroughly will then be able to understand shared sacrifice for the few remaining individuals who work in our state-the rest will have voted against Malloy before he runs for reelection by voting with their feet. And move out of Connecticut and its economic insanity lead by the Malloy Administration.
Gee I wonder what the deficit will be like in two more years?
Gee I wonder what the deficit will be like in two more years?
Gee I wonder what the deficit will be like in two more years?
Gee I wonder what the deficit will be like in two more years?
The same lies over and over again.

Again Higher Spending And Higher Taxes

Connecticut will never learn. It is the same story over and over again. Higher state spending with higher taxes produces the same stagnant economy. Higher state spending with higher taxes makes more businesses and industries move out of state. Higher state spending with higher taxes stagnates economic growth. Higher state spending with higher taxes forces our young people to leave for more tax and job friendly states. Higher state spending with higher taxes keeps an entitlement elite in the money. Higher state spending with higher taxes keeps lobbying groups running our state. Higher state spending with higher taxes produces zero new job formation. Higher state spending with higher taxes slams the working middle class. Higher state spending with higher taxes slams small businesses in our state. Higher state spending with higher taxes is just more of the same stale political leadership on both sides of the aisle.
Connecticut will never learn. Higher state spending with higher taxes produces the same stagnant economy.

National Debt/National Debacle

Is the national debt a national debacle? Does the current administration have any idea what a downgrade in credit means to borrowing for the national debt? How does the current administration's rhetoric do anything to resolve the national debt issue? Why is cutting spending on a national level so politically difficult when our economy can not support a debt of this magnitude any more? Why are lobbyist increasing their spending in Washington so as to influence the budget decision? To the tune of $3.5 billion dollars in 2010 to buy influence, power and a high national debt.
Why is Representative Ryan's program being vilified without even being read or understood? And where is the actual Obama plan to resolve the national debt? I only hear the constant complaining and negativity coming from the Democrats with absolutely no direction or plans coming from them to resolve the national debt crisis that they have created.
The national debt is a national debacle and needs to be resolved today. A lowering of credit value should shame Washington into action. But I forgot that economic illiteracy is the menu of choice by Congress and this Administration. The national debt is a national debacle.

Connecticut's Decline

Connecticut is in decline. A steep decline. A decline of enormous proportions. A decline of jobs. A decline of business and industry. A decline of affordable housing for young people starting out. A decline in affordable education for legal residents while illegals are given a free ticket to this same education. A decline in our transportation and road system. A decline in representative government for those who work in our state. A decline in truth in state government-has it ever existed in the first place? A decline in youth actually remaining in our state after graduation from high school and college. A decline in most aspects of the quality of life.
Connecticut's decline rests totally upon an economically illiterate state government and those who are in power in Hartford. We have economic decline due to over taxation, grave economic inefficiencies of state government and a massive lobbying effort which displaces the middle and upper income taxpayers from having any representation in Hartford.
Connecticut is in decline. A steep decline. And will continue to get worse with the coming Malloy budget.

Dan, Dan The Tax Man, Raise Some More Taxes Today!

Yes-Dan, Dan The Tax Man
Raise Some More Taxes Today!
Yes-Dan, Dan The Tax Man
How Many Jobs Went Away Today?
Yes-Dan, Dan The Tax Man
How Many More Businesses Closed Today?
Yes-Dan, Dan The Tax Man
How Few Concessions Did You Get Today?
Yes-Dan, Dan The Tax Man
Raise Some More Taxes Today!
Yes-Dan, Dan The Tax Man
How Many More Moved Out Of Your State Today?
Yes-Dan, Dan The Tax Man
Economics Is Obviously Not Your Strong Point!
Yes-Dan, Dan The Tax Man
Raise Some More Taxes Today!
Yes-Dan, Dan The Tax Man
And Watch Your State Go Away!

Tuesday's Economic Thoughts

And there are many.
House Budget Committee Chairman Paul Ryan's, "The Path to Prosperity" is a courageous attempt to cut federal spending and is being met with the usual liberal panic screams and lies. If one actually reads the plan, one can see the economic logic being presented by him and his plan to reduce the National Debt. The same National Debt for those who are living on another plant is $14 trillion dollars plus at least $30 trillion in unfunded liabilities/off budget items.
Mr. Malloy's stunted attempt to do anything about Connecticut's high taxes, unfunded liabilities, massive state spending and nepotism can viewed as a direct opposite of Mr. Ryan's courageous stand. Malloy offers residents/taxpayers more of the same, excessively high taxes and excessively high state spending. He has no understanding whatsoever of how our economy works. Then again there will be few who continue to stay and work in our state due to this economic illiteracy and economic fraud.
Fiscally Conservative Wallingford Mayor Dickinson again offers a strong town budget much to the dismay of his political enemies. By cutting spending and doing with less, Wallingford again leads the way in our state with sound fiscal management. Maybe our economically illiterate Democratic Super majority in Hartford could come down and see how real government works. What a fantasy.
High energy prices? They are an illusion since the Federal Reserve states there is little inflation in our economy at this time. Thus the $4 a gallon for gas you are paying coupled with $3.65 a gallon for heating oil apparently does not exist when you are paying for it. We only have have since 1973 to become energy self sufficient-maybe by 2073 we will be.

Why Is Mr. Obama Running For Re-election? $14 Trillion Dollar National Debt

And why did he announce it in April 2011 when the election is November 2012. Thus we will now have a mere 18 months of campaigning by Mr. Obama. I am sure this campaigning will be paid for by taxpayers. The same taxpayers who must foot the $14 trillion dollar National Debt that Mr. Obama has nurtured and expanded since he has taken office. The next 18 months we will hear about the great governing of Mr. Obama while we as taxpayers try to grasp this $14 trillion dollar National Debt. The next 18 months we will hear how evil the Republican candidate for President is, was and will be while we hear songs of praise of Mr. Obama and his $14 trillion dollar National Debt. We will also try to understand the constant changes in Mr. Obama's foreign policies while simultaneously fighting war on three fronts and the expansion of the $14 trillion dollar National Debt due to these now three wars. We will try to comprehend all of the failed economic stimulous programs that we enacted by Mr. Obama and how they contributed to the $14 trillion dollar National Debt. Yes we as taxpayers joyfully welcome the next 18 months of pure rhetoric, theatrics and lies that the next Presidential election will bring. All while we try to grasp a $14 trillion dollar National Debt.

Obamacare One Year Later-Do You Feel Any Better?

I am wondering with Obamacare one year old do you feel any better? Have your medical insurance premiums gone up in the year? Do you know an elderly person now having trouble with his or her supplementary carrier? I know my Aunt now has to pay for all blood tests. Does everyone now have medical insurance? Is everyone in our economy now healthy? Since the implementation of Obamacare, four states and over one thousand organizations have been exempted from its regulation-did you get your personal exemption yet from the President? I thought everyone was forced into this plan since it was so good? And so cheap also? Not the extra trillions of dollars it will cost taxpayers over the next ten years.
Not much has changed since the first year of Obamacare, our President is lost economically, lost nationally, lost on the world wide scene and most importantly lost with Obamacare.
Call your Congressperson today for your personal exemption, after all they exempted themselves from this economic medical debacle.

How Do We Define Connecticutax Shared Sacrifice?

I am fascinated by the concept of shared sacrifice for the working class of Connecticutax. It is an amazing concept to read about and listen to our elected officials talk about. It is amazing to hear the Connecticutax Democratic Super Majority in Hartford explain to those people who work in our state what shared sacrifice is. To me it is a simplistic economic concept, it means to continue to increase taxes for those who work and do business in our state and then redistribute it to those who are state elected officials and workers in the form of above average wage, benefits and pensions.
Shared sacrifice is not part of our elected officials or workers vocabulary. It means instead to continue the economic status quo of excessive spending and taxation coupled with excessive state employee benefits especially for those in power. It means that those who continue to work in our state will support to an even larger degree the economic insolvency that the Connecticutax Democratic Super Majority in Hartford has helped to nurture, develop and refine over the past 25 years.
I am truly fascinated by this concept and how this elite ruling class has exempted themselves from it-sort of like getting more money in your pension through mileage reimbursements. And I forgot our auditors overlooked that! Thats ok, what's another $10,000 wasted of taxpayer's monies?

Look At The Shared Sacrifice Of The Ruling Elite In Hartford

We must overlook the missed shared sacrifice of Mr. Malloy and the $8.5 million dollars of taxpayer's monies he took in matching funds for his campaign.

And we must also overlook the shared sacrifice of the states recently retired top two auditors.
Equal to blame from both parties as quoted from 3/27/11 Kevin Rennie-Hartford Courant Now You Know Column The two auditors who held the job for nearly 20 years, Republican Robert Jaekle and Democrat Kevin Johnston, retired late last year. According to the Office of the State Comptroller, based on their "three high year earnings," Jaekle receives "an estimated retirement benefit" (translation: pension) of $137,640 a year. Johnston receives a pension estimated at $160,800 a year.

Please keep in mind that the auditors are the crack troops of fiscal prudence. A portion of those generous pensions includes mileage. Again from the comptroller, "The average of Mr. Johnston's three high year earnings included $10,450.92 attributable to reportable mileage. The average of Mr. Jaekle's three high year earnings included $11,427.82 attributable to reportable mileage."

Now that is real shared sacrifice upon two individuals who were guarding the states finances. Let us see how much we can rip taxpayers off now. How from an accounting auditing perspective can mileage be counted towards a pension? How from an audited accounting perspective can this be allowed? And what is the concept of shared sacrifice? What a bunch of shared lies coming out of Hartford.

Yes Higher Taxes Solve Everything

Stupid me. I did not realize that higher taxes solve every problem on a state level. Just when I thought I knew a great deal about economics by studying and teaching it for the past 37 years, I never realized that politicians are right when they state that higher taxes solve everything. It is kind of like when Lowell Weicker stated that the new founded State Income Tax would solve all of Connecticut's fiscal problems. So twenty years later we have a budget deficit of $3.6 billion dollars and state spending has doubled over that same twenty years period. Just as a side, the state population continues to fall. Thus twenty years later the state now spends 100% more on less citizens and still is in the hole by $3.6 billion dollars. And here is another fact that the Connecticut Democratic Super Majority does not want you to know: 49.3% of all state revenue is made up by the state income tax (only ranked #2 in the country) and 40% of all income tax receipts are paid for by the top 1% of the income earners (those making $500,001 and more). And I see that the Connecticut Democratic Super Majority wants to increase that figure even more to solve all of their fiscal worries and continue to spend wastefully and foolishly as they have done for the past twenty years.
What economic illiteracy. Continue to tax the supposed rich even more so that more will move out of state and the burden will fall on the remaining overtaxed citizens of the state. Rather than cutting spending once and for all and lowering taxes, the Connecticut Democratic Super Majority wants that Number 1 ranking in taxes in the country.
Taxpayers can shout with glee, "We're #1, we're #1". And will not be for basketball any more-get use to those empty basketball game seats, taxpayers can no longer afford the games, only higher taxes as the Connecticut Democratic Super Majority wants us to have. How ignorant of me, higher taxes solve everything in Connecticut. But one day coming quickly taxpayers will say no to this economic madness.